Parallel Advisors LLC Has $3.43 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Parallel Advisors LLC trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 3.7% in the fourth quarter, Holdings Channel reports. The firm owned 27,709 shares of the industrial products company’s stock after selling 1,079 shares during the quarter. Parallel Advisors LLC’s holdings in Emerson Electric were worth $3,434,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB grew its stake in Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock valued at $6,162,000 after purchasing an additional 30,741 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after acquiring an additional 162,985 shares during the period. Larson Financial Group LLC boosted its stake in shares of Emerson Electric by 130.0% during the 3rd quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock worth $1,044,000 after acquiring an additional 5,393 shares during the period. GHP Investment Advisors Inc. boosted its stake in shares of Emerson Electric by 8.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock worth $10,187,000 after acquiring an additional 6,321 shares during the period. Finally, Howland Capital Management LLC boosted its stake in shares of Emerson Electric by 13.0% during the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company’s stock worth $3,283,000 after acquiring an additional 3,054 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Up 1.5 %

Shares of EMR stock opened at $113.58 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The company has a market capitalization of $64.05 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The business’s fifty day moving average is $122.21 and its 200 day moving average is $119.03.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.86%. Emerson Electric’s dividend payout ratio is presently 50.36%.

Analyst Ratings Changes

Several research analysts have recently commented on EMR shares. Royal Bank of Canada reiterated an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. Morgan Stanley lifted their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Monday, March 10th. JPMorgan Chase & Co. dropped their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, KeyCorp lifted their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $136.22.

About Emerson Electric

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.